In recent Tether news, the company has stopped minting its US dollar-pegged stablecoin, USDT, on the Eos and Algorand blockchains starting June 24. This move is part of Tether’s efforts to streamline operations, enhance security, and improve efficiency across its blockchain networks while fostering innovation.
Although this halt affects only a small portion of the total USDT supply, Tether is committed to ensuring a smooth user transition with minimal disruption. This decision reflects Tether’s ongoing strategy to optimise its blockchain ecosystem, having integrated new networks like the TON-based USDT earlier this year, showcasing its proactive approach to blockchain management.
